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Mar 31, 2023
Texas Pacific Q1 2023 Earnings Report
Announced first quarter results.
Key Takeaways
Texas Pacific Land Corporation reported a net income of $86.6 million and revenues of $146.4 million for the first quarter of 2023. The company's royalty production was 20.9 thousand barrels of oil equivalent per day, and it repurchased $6.7 million of common stock. A quarterly cash dividend of $3.25 per share was paid on March 15, 2023.
Net income was $86.6 million, or $11.25 per share (basic) and $11.24 per share (diluted).
Revenues totaled $146.4 million.
Adjusted EBITDA reached $115.9 million.
Free cash flow was $88.0 million.
Texas Pacific
Texas Pacific
Texas Pacific Revenue by Segment
Forward Guidance
TPL’s high-margin cash flow profile and fortress balance sheet provide the Company the ability to drive value for shareholders through any cycle.
Revenue & Expenses
Visualization of income flow from segment revenue to net income